Life Insurance Awareness Month 2018

By on September 8, 2018

September is Life Insurance Awareness Month, and FinancialSafetyNet is dedicating our time to helping consumers understand all the wondrous things that life insurance can do for you, your family, your business and estate planning measures. Nearly 50 million cash-strapped Americans go without life insurance risk leaving their loved ones with costly legal and financial responsibilities.

Excuses For NOT Having Life Insurance

  • Everyday Expenses (rent/mortgages, food, clothing and transportation) prevent you from saving towards financial goals
  • Extra funds should go towards reducing debt before buying insurance products
  • Saving for Retirement takes investment priority
  • You think Life Insurance is too expensive

Life insurance should serve as the foundation of your family’s financial security, helping to ensure that your beneficiaries will be alright financially even if something were to happen to you. Schedule time to meet with a local insurance professional or your employer’s benefits manager to make sure that you have right type and proper amount of life insurance.

7 Reasons To Buy Life Insurance

  1. Covers Funeral & Final Expenses
    The cost of funeral and burial costs are rising. Life Insurance allows your loved ones to focus on their grief without increasing their debt burden by helping to pay for the funeral and other final expenses.
  2. Give Your Family a Debt Free Start
    Replace your lost income stream and ensure your loved ones start with a clean slate by helping to pay-off mortgages, credit card bills, outstanding loans and even college.
  3. Offer Your Beneficiaries Time & Flexibility to Grieve
    Gives a surviving spouse the chance to take time off from work or to switch to a job that offers a more flexible work schedule.
  4. Use as an Investment Vehicle to Generate Income
    The right type of life insurance product can help you stay ahead of inflation and replace lost income so that surviving family members can continue to pay for life’s necessities.
  5. Boost Your Business’ Cash Flow or Cut Your Tax Burden
    Build cash value which provides funding to continue a business, or pay for schooling so surviving family members or partners can train for a new career. And life insurance income is generally tax-free.
  6. Find the Funds to Reach Your Financial Goals
    With a cash-value life insurance policy, you can cover your family in the event of your death as well as boost your retirement savings or save for a child’s college and improve their chances for financial aid. Life insurance can bring you closer to your financial goals.
  7. Leave a Legacy
    Leave future generations, your spouse or business partner(s) with the legacy of long-term financial security.

Life Insurance is a Versatile Financial Planning Tool

Create an enduring financial strategy with a fundamental financial tool—life insurance. Evaluate your life insurance needs, learn more about the different types of life insurance, and brush up on strategies for investment growth, business cash management, retirement and estate planning. A variety of life insurance products are designed to help consumers protect what matters most while building a secure financial future.

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About Scott Ho

FSN insurance and retirement journalist - Planning for your retirement or understanding your insurance needs can be confusing and difficulty. Scott knows these tasks can seem daunting. He offers his experience to make choosing insurance coverage and planning for your golden years a successful endeavor. Connect with Scott at !

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